Continued drag

Last quarter, the company reported that it had lost $3.6 billion on moonshot projects that comprise its "Other Bets" businesses in 2015. Since Q4 was the first time that Alphabet had broken out the category, it didn't post its quarterly revenues or operating losses, but we'll get that insight this time around.

Of course, many of the Other Bets businesses are still in the early stages and don't yet generate any revenue. Although Nest, Fiber, and Verily are all currently in the revenue-generating stage.

Other Bets are "likely to continue dragging on Alphabet," write analysts from Pivotal Research, "Although at least their scale is relatively minimal overall."

In non-moonshot news, the European Commission just slammed Google with an antitrust complaint over its mobile operating system Android, another topic that might come up in the Q&A portion of Alphabet's earnings call, along with other hot topics like Google's enterprise cloud product, its app store Play, and YouTube.

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